Transcription of 2022 Interest Rate and Calculation Method for Title 72 ...
1 PA Department of Revenue will calculate daily Interest on taxes due the commonwealth using an annual Interest rate, which varies by calendar year. The following Interest rates are applied on any outstanding tax balance originally due on or after Jan. 1, 1982, and on delinquent taxes originally due during the years indicated below: Interest is calculated on a daily basis using the following formula: Interest = LATE OR UNPAID TAX x NUMBER OF DAYS x APPLICABLE DAILY Interest RATE Outstanding taxes due on or before Dec. 31, 1981, will bear Interest at the old rates and using the old Calculation methods governed by individual laws and regulations for each of the various taxes. Motor and Alternative Fuel Taxes are statutorily administered by Title 75, the PA Vehicle Code; Interest rates for these tax types are available upon request.
2 2021 - 2022 3% 1/1/21 - 12/31/22 2020 5% 1/1/20 - 12/31/20 2019 6% 1/1/19 - 12/31/19 2017 - 2018 4% 1/1/17 - 12/31/18 2011 - 2016 3% 1/1/11 - 12/31/16 2010 4% 1/1/10 - 12/31/10 2009 5% 1/1/09 - 12/31/09 2008 7% 1/1/08 - 12/31/08 2007 8% 1/1/07 - 12/31/07
3 2006 7% 1/1/06 - 12/31/06 2005 5% 1/1/05 - 12/31/05 2004 4% 1/1/04 - 12/31/04 2003 5% 1/1/03 - 12/31/03 2002 6% 1/1/02 - 12/31/02 2001 9% 1/1/01 - 12/31/01 2000 8% 1/1/00 - 12/31/00 1999 7% 1/1/99 - 12/31/99 1995 - 1998 9% 1/1/95 - 12/31/98
4 1993 - 1994 7% 1/1/93 - 12/31/94 1992 9% 1/1/92 - 12/31/92 1988 - 1991 11% 1/1/88 - 12/31/91 1987 9% 1/1/87 - 12/31/87 1986 10% 1/1/86 - 12/31/86 1985 13% 1/1/85 - 12/31/85 1984 11% 1/1/84 - 12/31/84 1983 16% 1/1/83 - 12/31/83 1982 20% 1/1/82 - 12/31/82 CALENDAR
5 YEARINTEREST RATEDAILY RATECHARGED FROM2022 Interest Rate and Calculation Method for Title 72 Taxes Due After Jan. 1, 1982 REV-1611 (AD+) 01-22
